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Paper Systems history
Paper Systems company history timeline
In late 1976, Paper Systems Incorporated was founded.
Again it turned to new management for help, and in 1979 Edwin Gee stepped in as chairman.
To raise money for Gee's plan IP sold its remaining interest in General Crude Oil Company for $763 million and used the profits to buy Bodcaw Company of Dallas in 1979.
By 1982 he had raised US$2 billion, aided by sales of land, timber, and other subsidiaries.
These included a 1984 fire that destroyed its Nacogdoches, Texas, plywood-manufacturing plant, causing $32.5 million in damages.
Georges was named chairman in 1985, succeeding Gee.
Their work led to a major acquisition in 1986: Hammermill Paper Company.
While competitors Boise Cascade Corp. and Champion International Corp. posted huge losses, IP continued to report profits, albeit smaller than those of 1988-90.
In 1990 IP bought the French operations of Georgia-Pacific Corporation.
In 1994 ResourceNet International picked up two paper-distributing companies in Mexico, while in the area of liquid packaging, a new plant was built in Brazil and a joint venture was formed in China to build and operate a plant near Shanghai.
Georges's diversification program had increased non-United States sales to 30 percent of total revenues by 1994.
1996: Montvale, New Jersey-based Federal Paper Board Company is acquired for $3.5 billion.
Restructuring and other charges led to a net loss of $151 million for 1997.
Two other similar suits--one also involving siding, the other a roofing material--against Masonite were settled in similar fashion in January 1999.
BW Papersystems Stuttgart finds its roots in Kugler Automation and Womako Maschinenkonstruktion, which merged into Kugler-Womako in 1999.
In November 2000 IP sold its interest in Bush Boake Allen for $640 million.
International Paper also gained a new headquarters through the Champion deal as the company moved its head offices to the former headquarters of Champion in Stamford, Connecticut, later in 2000.
2001: Divestments include Masonite and Zanders Feinpapiere.
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Paper Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Capital Corrugated & Carton | 1995 | $27.0M | 50 | - |
| Key Container | 1959 | $55.2M | 100 | - |
| LAMITECH | 1994 | $6.7M | 34 | - |
| GLI Pool Products | 2006 | $23.0M | 375 | - |
| Wooster Brush | 1851 | $250.0M | 750 | - |
| District Photo | 1949 | $200.0M | 3,000 | 3 |
| Genova USA | 1962 | $180.0M | 570 | 1 |
| Freedom Graphic Systems | 1986 | $44.0M | 250 | 34 |
| Quad | 1971 | $2.7B | 15,800 | 244 |
| Air-Way Global Manufacturing | 1950 | $64.0M | 200 | - |
Paper Systems history FAQs
Zippia gives an in-depth look into the details of Paper Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Paper Systems. The employee data is based on information from people who have self-reported their past or current employments at Paper Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Paper Systems. The data presented on this page does not represent the view of Paper Systems and its employees or that of Zippia.
Paper Systems may also be known as or be related to Paper Systems, Paper Systems Inc, Paper Systems Incorporated and Paper Systems, Incorporated.